Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

Alaska · Not ranked: see note below.

Petersburg Medical Center

Philip Hofstetter, CEO. Fiscal year ending 2025-06.

$229,795
CEO total compensation
Form 990 Part VII, columns D+E+F
of expenses spent on charity care
Schedule H Part I line 7a
n/a
CEO pay as a share of all charity care

Not in the ranking because no charity care figure is present. The figures below are shown as filed.

§1The filing

Total revenue
$44,343,967
Total expenses
$29,103,660
Net assets
$28,967,140
Employees
0
Hospitals covered
1 facilities across 1 filing
Charity care, net
Bad debt
Medicare surplus (shortfall), as filed
($1,056,613)
CEO pay from the organization (Part VII col. D)
$229,795
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$0
CEO total compensation (D+E+F)
$229,795 to Philip Hofstetter

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Petersburg Medical Center, EIN 92-6001607, fiscal year ending 2025-06, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Petersburg Medical Center: CEO pay $229,795, charity care  of expenses